Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Wheat farmers in parts of Pakistan are complaining that government set wheat prices are going to lead to greatly increased smuggling and shortages of wheat supplies in some areas. There is a lot of confusion about prices with areas like Sindh province reporting there are three “official” purchase prices for local wheat: a federal price, a set regional price, and a set provincial price – the range of prices varies by about 20 percent. And then there are the complaints that traders are offering prices for local wheat much below any of the various government ”set” prices. The Bill and Malinda Gates foundation has invested $10 million in a...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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